I am sure you have heard the phrase, “that's already encumbered.” What exactly does this mean? Come to this webinar to find out what this means, how libraries are funded and much more.
Upon completion of this webinar you will have a better understanding of:
How libraries are funded – PLF and other revenues that libraries typically receive
The types of Funds public libraries typically have (General, Building & Repair, etc.) and what types of expenses are appropriated/budgeted in each
What public funds are and the requirements for spending them
How purchasing works in libraries (requisitions, PO’s, etc.) and why we use these processes
How revenues and expenses roll into the financial reporting and what agencies the library is required to report
This webinar is for non-financial staff.
Presenter: Kelly Kroll has been the Business Manager/Fiscal Officer for the Medina County District Library since April 2012. Previously, she has worked as Fiscal Officer for four other public libraries as well as a regional library system, all located in northeast Ohio. Kelly has been Coordinator of the Ohio Library Council’s Library Accounting Division and was a member of the Treasurer of State’s Center for Public Investment Management first Advisory Board. She has also been a consultant for many Ohio public library boards and is co-author of several editions of OLC’s Ohio Public Library Accounting Handbook. Kelly has done many presentations for library fiscal officers and directors on issues including budgeting, cash forecasting, insurance procurement, using technology in the fiscal office, advanced Excel and investing public funds. She holds a Bachelor’s of Science in Business Administration - Finance from the University of Akron, and a Master’s in Public Administration from Walden University.